By Richard Hook2018-05-18T12:21:00
Delancey and LRC Group have completed the sale of iconic Royal Mint Court site in London to the People’s Republic of China following an unsolicited offer.
The Chinese government plans to convert the 5.4 acre site, which sits opposite the Tower of London, into the country’s new UK embassy.
The sale comes less than two years after the Delancey and LRC joint venture received the go-ahead for a £750m, 600,000 sq ft office scheme offering 50% more net office space than the site currently has. Alongside this, there is planning permission in place for a wider refurbishment and part redevelopment including new retail and leisure accommodation, 1.8 acres of landscaped public realm.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud